THE HEDGEYE BREAKFAST MONITOR
China’s vast manufacturing sector expanded moderately in October to snap three months of contraction, assuaging fears that a hard landing is imminent in China.
U.S. companies’ hiring plans reflect the worst employment outlook since January 2010 as demand is slowing, according to Bloomberg news.
DNKN: Dunkin’ Brands has appointed Joe Uva to the Board of Directors. Mr. Uva was most recently President and CEO of Univision Communications, Inc.
MCD: McDonald’s UK boss was interviewed in the Telegraph. The article is positive, with the head of McDonald’s in the UK highlighting 22 consecutive quarters of UK sales growth as evidence of the company’s success.
CBRL: Cracker Barrel’s biggest shareholder, Biglari Holdings, has boosted its stake to 9.9%